European gas prices fell overall yesterday, pressured by profit taking and the drop in parity prices with coal for power generation. While both EUA and coal prices were down, the drop was stronger for the latter. It seems to have been triggered by news that Chinese authorities are more and more concerned by soaring domestic…
ICE Brent prompt contracts reached 69.7 $/b, as the dollar’s continued drop boosted dollar-denominated commodities. US jet demand is likely to reach 1.5 mb/d rapidly as domestic passenger checked by the TSA continues to increase. Share this news : Share on twitter Share on linkedin Share on email You might also read : February 11,…
The European power spot prices for today reached a level close to Friday as the market was torn between expectations of a demand strengthened by the lingering below-normal temperatures and forecasts of slightly higher wind, solar and nuclear output. The day-ahead prices averaged 71.99€/MWh in Germany, France, Belgium and the Netherlands, +0.18€/MWh from Friday. The…
ICE Brent prompt month contract recovered to 68.5 $/b on Friday amid a rapid recovery of the Eurodollar, and a global recovery in equity prices as US bond yields declined back to 1.6%, despite widespread inflation concerns. Indian demand for the first part of May was likely to be down by 30%, compared to May…
European spot gas prices increased again on Friday, still supported by below-normal temperatures and relatively weak pipeline supply. Indeed, although Norwegian flows firmed up on Friday, averaging 293 mm cm/day, compared to 289 mm cm/day on Thursday, they were still below the 315 mm cm/day of early May, a source of concern at a time…
